BrightSource Energy (BSE), a major provider of concentrated solar thermal power (CSP) technology, has announced the spin-off of its Israeli, U.K. and South African subsidiaries, forming New BrightSource Energy.
New BrightSource will be headed by Izik Kirshenbaum and Israeli and U.K. management and will pursue renewable energy, battery-storage management and AI-based smart grid solutions. Through its newly acquired subsidiaries, New BrightSource will also continue to provide CSP technology, including project and support services to the existing BSE projects in Israel, Dubai and South Africa.
BSE, now renamed Kelvin Energy (KE), now becomes a minority shareholder in New BrightSource. KE will continue to provide technical advisory services at its Ivanpah, Calif., project and may pursue CSP business opportunities in the United States and Canada.
“We look forward to becoming a central player in the solving of the challenges of global decarbonization and providing a
